HDFC Bank released its financial results for the quarter ending September 2025 on Saturday, October 18. The bank’s standalone Q2 FY26 results showed strong year-on-year growth across key metrics. Net interest income rose to Rs 31,550 crore, marking a 4.8% increase from Rs 30,110 crore in the previous year. Non-interest income, despite a 34% sequential drop, increased by 25% YoY to Rs 14,350 crore.

Net revenue for the quarter reached Rs 45,900 crore, reflecting a 10.4% year-on-year rise but a 13.7% decline from the previous quarter due to reduced fee and treasury income. Operating expenses increased by 6.4% YoY to Rs 17,980 crore. The bank’s provisions significantly decreased quarter-on-quarter to Rs 3,500 crore.

The bank’s core performance remained robust despite a sequential dip in non-interest income. Profit before tax rose by 11% YoY to Rs 24,420 crore, while profit after tax increased by 10.8% YoY to Rs 18,640 crore. These figures highlight HDFC Bank’s solid financial health during this period.

The balance sheet for Q2FY26 (September 2025) showed consistent improvement across all major parameters. Net advances grew by Rs 1,18,000 crore QoQ and Rs 2,51,300 crore YoY, reaching Rs 27,46,400 crore. Investments totalled Rs 8,74,300 crore, with government and debt securities making up Rs 8,53,300 crore of this amount.

Cash and equivalents decreased to Rs 1,65,200 crore while fixed and other assets contributed Rs 2,17,100 crore. Total assets increased by Rs 48,900 crore QoQ and Rs 3,14,900 crore YoY to reach Rs 40,03,000 crore. On the liabilities side, deposits rose significantly by Rs 37,700 crore QoQ and Rs 3,01,700 crore YoY to total Rs 28,01,800 crore.

Equity and reserves stood at Rs 5,22,400 crore with borrowings amounting to Rs 5,09,600 crore. Other liabilities were recorded at Rs 1,69,200 crore. The total liabilities and equity matched the asset side at Rs 40,03,000 crore indicating balanced growth in the balance sheet.

Asset Quality and Distribution Network

As of September 30, 2025, gross non-performing assets were at 1.24% of gross advances compared to June’s figure of 1.40% and last year’s September figure of 1.36%. Net non-performing assets accounted for 0.42% of net advances as of the same date.

The bank’s distribution network expanded with a total of 9,545 branches and 21,417 ATMs across 4,156 cities and towns as of September end in comparison to last year’s figures of 9,092 branches and 20,993 ATMs across 4,088 locations.

Half of HDFC Bank’s branches are located in rural and semi-urban areas. The bank also has a network of business correspondents numbering at least 15,253 primarily working through Common Service Centres (CSC). Employee numbers rose from last year’s count of 2,06,758 to reach a total of approximately 2,20,339 by September end this year.